Dallas,Tx 6/15/2010 9:53:47 PM
News / Business

Stock News : Biggest Percentage Stock Gainers (ZANE, RAME, KFY, IFLG)

Percentage Stock Gainers

Following are the top Stock percentage gainers in Tuesday’s session:-


Zanett, Inc. (NASDAQ:ZANE) is the biggest percentage gainer on Tuesday and soared 69.50% to $2.39 with over 1.10 million shares changed hands within first hour of trading session.

 

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Today’s sharp rise came on the news that between the period of April 1, 2010 and the present, over $12.6 million dollars in new business has been closed. This amount of revenue is comprised of 37 different customers, with the largest customer being responsible for a $7.5 million mandate. Year-to-Date, over $29.7 million of new business has been signed. The bulk of this revenue is expected to be realized within the next 12 months..

Zanett Inc. (Zanett) is an information technology (IT) company that provides customized IT solutions to Fortune 500 corporations and mid-market companies.

 

RAM Energy Resources, Inc. (NASDAQ:RAME) surged 16.38% to $2.06 with over 350K shares.

RAM Energy Resources, Inc. (Nasdaq: RAME) announced today that its Board of Directors has authorized management to investigate a broad range of strategic alternatives available to the company, including a sale, refinancing or recapitalization of the company, all with a view to enhance shareholder value. The company has engaged Jefferies & Company, Inc. as its exclusive financial advisor to assist in this strategic review process.

So far this year, the stock has jumped about 20%. Over the past 52-week, the stock had been moving within range of $1.90-$2.08.

 

Korn/Ferry International (NYSE:KFY) is also one of the biggest stock movers among the small cap stock movers and soared 14.86% to $16 in the morning session with over 496K shares being already traded, compared to its daily average volume over 437K shares.


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The company reported better better-than-expected quarterly results, fuled by higher fee revenue and stronger demand for permanent recruitment, and forecast first-quarter revenue above market estimates.

For the fourth quarter, the company said that its net income came at $8.9 million, or 19 cents a share, compared with a loss of $17.2 million, or 40 cents a share, a year earlier.

Total revenue grew 55%to $176.9 million, while fee revenue was up 58 percent at $168.7 million.

Analysts were expecting the company to report earnings of 13 cents a share, on revenue of $155.6 million

 

InfoLogix, Inc. (NASDAQ:IFLG) continued to rose and climbed another 20.43% to $8.31 after rising 91% yesterday on an unofficial rumor that the company could be a takeover target.

A report by TheStreet.com said a subscription site called Briefing.com reported that there were rumors that Omnicell Inc. might be considering buying InfoLogix.

Yesterday the stock has crossed its 200-Day Moving Average price of $4.99 and approaching its 50-Day Moving Average price of $5.24. So

 

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